Business News

CSCS, Two Others Raise NASD Index by 0.15%

Regconnect CSCS

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange closed 0.15 per cent in the positive territory on Wednesday, December 6 as it extended its streak to a third day spurred by gains in three bellwethers.

11 Plc recorded a N16.00 appreciation to sell at N176.00 per share compared to the previous day’s N160.00 per share, Central Securities Clearing System (CSCS) Plc gained 43 Kobo to settle at N17.51 per unit versus the preceding day’s N17.08 per unit, and FrieslandCampina Wanco Nigeria Plc rose by 20 Kobo to close the day at N72.89 per unit, in contrast to Tuesday’s closing value of N72.26 per unit.

However, the share price of Geo-Fluids Plc shrank during the preceding trading session by 1 Kobo to close at N2.69 per unit compared with the previous day’s N2.70 per unit.

At the close of business, the market capitalisation expanded by N1.75 billion to finish the session at N1.176 trillion compared with the preceding trading day’s N1.174 trillion, and the NASD Unlisted Security Index (NSI) increased by 1.29 points to end the day at 867.73 points as against the 866.44 points it recorded at the previous session.

Yesterday, the volume of securities traded at the bourse by investors surged by 1,337.7 per cent to 25.1 million units from 1.7 million units, and the value of shares traded in the midweek session went up by 615.2 per cent to N77.2 million from the N10.8 million posted a day earlier, while the number of deals decreased by 31.3 per cent to 11 deals from the 16 deals carried out in the previous trading day.

CSCS Plc remained the most traded stock by volume (year-to-date) with 1.2 billion units of stocks valued at N22.4 billion, UBN Property Plc stood in second place with 1.1 billion units valued at N1.2 billion, and Geo-Fluids Plc was in third place with 729.5 million units valued at N1.4 billion.

Also, CSCS Plc was the most traded stock by value (year-to-date) with 1.2 billion units worth N22.4 billion, followed by VFD Group with 26.6 million units worth N5.9 billion, and Aradel Holdings Plc with 7.8 million units sold for N3.1 billion.